GBPAUD reversed from support level 1.918 Likely to rise to resistance level 1.9360 GBPAUD recently reversed up from the key support level 1.918 (which has been reversing the price from January). The support level 1.918 was strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the upward impulse from December. […]
Markets Counting down to the key US CPI release, markets clearly positioned for an outcome that kept the door open for a Fed rate cut post summer holidays. US yields already declined about 2.0-3.5 bps in the run-up to the data release. US inflation indeed printed on the softer side of expectations. Headline inflation eased […]
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